On average, listings lease in the $0's per square foot per year. The Newton submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $38 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 27 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 37% of the office spaces in the Newton are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 9,600 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this market were built in 1973 and are Class A.